28 Mar , 2024 By : Debdeep Gupta
Here is a collection of the most important stories this morning:
10 mid-cap gems that children-oriented MFs love to hold for the long term
Solution-oriented schemes offered by mutual funds (MFs) have gained investors’ attention. Currently, there are 27 retirement funds and 11 children-oriented funds and the combined number of investor accounts stands at 58 lakh, as of February-end.
Adani Group eyes $1 billion in foreign currency bonds for expansion
Adani Group is in advanced talks with investors to raise as much as $1 billion through foreign currency bonds for three group entities: group flagship Adani Enterprises as well as Adani Ports and SEZ and Adani Green Energy, people familiar with the development said.
Private consumption growth, capex revival to drive Indian economy, says Morgan Stanley
The continued rebound in private consumption and an expected revival in private capital expenditure will drive the economic growth for India in the near-to-medium term, Morgan Stanley said.
The indicator flashes 'buy' on 33% Nifty small-caps as bulls return to broader markets
While the broader markets saw a sharp sell-off earlier this month, a partial recovery in the smallcap indices since March 13 has helped revive the sentiment for smaller stocks.
US closely monitoring Delhi CM Arvind Kejriwal's arrest; reiterates fair, transparent legal process
The US government stated on Tuesday that they are closely monitoring the arrest of Delhi Chief Minister Arvind Kejriwal and support a fair, transparent, and prompt legal process. "We continue to follow these actions closely, including the arrest of Arvind Kejriwal. We encourage fair, transparent, and timely legal processes for each of these issues," US State Department Spokesperson Matthew Miller said. Read more.
MFs holding I-Sec shares play safe, bears feast on Valor, fund managers prep for NAV exam, Liberty Shoes promoters smoke peace pipe
Things have not gone well for Valor Estate (erstwhile D B Realty) since the time it announced its qualified institutional placement (QIP). The deal happened at a 5 percent discount to the floor price and failed to draw marquee investors.
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